HS Code:
4,4'-Biphenol (HS Code: 290729) is a chemical compound classified under the category of phenols and phenol-alcohols. It is primarily used as an intermediate in the production of high-performance polymers, resins, and as an antioxidant in various industrial applications. This compound is critical in the manufacture of liquid crystal polymers and other specialty chemicals used in electronics, automotive, and aerospace industries.
Total Trade Volume
USD 150 million
Data from 2022
Source
United Nations Comtrade Database
USD 60 million
40% of total trade of total trade
Increasing
USD 30 million
20% of total trade of total trade
Stable
USD 25 million
16.7% of total trade of total trade
Increasing
USD 15 million
10% of total trade of total trade
Stable
USD 10 million
6.7% of total trade of total trade
Increasing
Average Rate
5.2%
Highest Rate
8% (applied by certain developing countries)
Lowest Rate
0% (under free trade agreements such as USMCA and EU-Japan EPA)
Growing demand in electronics sector
Increased production of liquid crystal polymers for displays and semiconductors has driven demand for 4,4'-Biphenol, especially in Asia-Pacific markets.
2021-2022
Shift towards sustainable production
Manufacturers are investing in greener synthesis methods to meet regulatory requirements, slightly increasing production costs but improving market acceptance.
2022
Supply chain diversification
Post-COVID-19, companies are diversifying supply chains to reduce dependency on single-country sources, impacting trade volumes from China.
2020-2022
A leading chemical manufacturer in Japan announced the opening of a new 4,4'-Biphenol production facility to meet rising domestic and export demand.
March 2023
Expected to increase Japan's export share by 5% over the next two years.
The European Union introduced stricter environmental regulations for phenol derivatives, requiring additional compliance measures for 4,4'-Biphenol imports.
January 2023
Potential short-term cost increases for exporters to the EU, though long-term benefits from sustainable practices are anticipated.
A new bilateral agreement reduced tariffs on chemical intermediates, including 4,4'-Biphenol, between the US and China.
September 2022
Likely to boost trade volume between the two countries by 10-15% in the coming years.